The Infrastructure Investment and Jobs Act has engineers feeling optimistic about their firms and the sector, even if they’re less sure about the economy as a whole.
The American Council of Engineering Cos. Research Institute projects that engineering and design services economic output will increase annually from $338 billion in 2020 to $433 billion in 2026. That will be $21 billion higher in 2026 than what ACEC estimates the sector’s output would have been without the $1.2-trillion Infrastructure Investment and Jobs Act passed last year.